The global economy is stabilising, but the fiscal support that cushioned successive shocks since 2020 is unlikely to play the same role in the year ahead, according to the World Economic Forum's Chief Economists' Outlook, published on Tuesday.
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The Qatar Investment Authority is targeting a $20 billion partnership with JPMorgan Chase & Co, people familiar with the matter said, months after the wealth fund inked a similar agreement with Goldman Sachs Group.
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Oil prices climbed again to stay above the psychologically important $100-a-barrel mark on Tuesday as renewed concerns over Gulf security offset signs of improving Saudi crude flows through the Strait of Hormuz.
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Qatar is expected to award about $38.5 billion in new infrastructure projects over the next five years, including public-private partnerships, with the country setting up a dedicated platform to manage and grow its wealth fund’s domestic portfolio worth hundreds of billions of dollars.
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Oil, gold and silver have followed markedly different trajectories over the past six months, as geopolitical tensions, changing US interest-rate expectations reshape global commodity markets. Oil has responded to geopolitical developments, while gold has been driven primarily by monetary policy and silver by both rates and industrial demand, said an expert.
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Saudi developer Roshn has joined hands with Talaat Moustafa Group to set up a new venture that will be responsible for the development of a mixed-use community in Riyadh featuring more than 55,000 residential units along with key retail, hospitality, leisure and healthcare facilities.
Etihad Rail, the developer and operator of the UAE National Rail Network, and AD Ports Group, a global enabler of integrated trade, industry and logistics solutions, have partnered to launch a direct rail service connecting Fujairah Terminals with the Industrial City of Abu Dhabi (ICAD).
India's Megha Engineering & Infrastructures has secured a KD117 million ($379 million) contract from Kuwait Oil Company for the development of key facilities at GC-25 and GC-30 units. The scope of work includes construction of new processing and water-treatment facilities alongwith connecting pipelines.
Bilfinger has announced that it has secured a major contract from Shinas Marine Fuels to provide Front-End Engineering Design (FEED) consultancy services for the Phase 1 of its oil terminals project in Oman. The work includes provision of consultancy expertise to help define the project's technical and commercial framework.
Saudi-based East Pipes Integrated Company for Industry has announced that it has secured a contract worth SAR771 million ($203.3 million) from Saudi energy giant Aramco for the manufacture and supply of steel pipes for key projects in the kingdom.
The World Health Organization warned of a growing global shortage of healthcare workers, saying nearly one in four doctors across 122 countries is aged 55 or older and could retire within the next decade. The global health workforce shortage could reach 11.1 million by 2030.
Saudi Arabia intercepted and destroyed a ballistic missile fired by Yemen's Houthi militia towards Riyadh early Saturday, as the Iran-aligned group stepped up attacks on the Kingdom, drawing condemnation of its actions from Gulf and Arab states.
UAE-based Azizi Hospitality has announced that steady progress is being made on its five-star hotel coming up in Meydan, Dubai with the property on track for opening in mid-2028. Excavation and foundation work is under way and this will be followed by structural build, façade and interior fit-out.
Kuwait-based Jazeera Airways has launched its biggest-ever sale, giving travellers the chance to buy one ticket and get the second for free with 3 million seats available for travel across the airline’s entire network. The promotion runs till September 26 and will cover more than six months of travel.
The construction cost index in Saudi Arabia’s rose 2.3% year-on-year in August, driven by higher costs in both the residential and non-residential sectors. The construction costs in the residential sector surged 2.1% from a year earlier, while costs in the non-residential sector were up 2.6%.
Surging electricity demand from AI, data centres, and industrial electrification is colliding with geopolitical instability, infrastructure constraints, and persistent energy gaps, according to the World Energy Council’s 2026 World Energy Trilemma report.
Sharjah has approved a three-phase plan to add 150 new passport control officers at its international airport, starting in October, as passenger traffic activity increases. The plan aims to keep pace with the airport’s significant growth and its expansion and development projects.
Gulf Warehousing Company (GWC Group), one of the region’s leading logistics groups providing cross-border and integrated logistics solutions, has expanded its UAE operations with two new subsidiaries, a strategic partnership with Meydan Free Zone and a growing Quick-Commerce network.
Oil, gold and silver have followed markedly different trajectories over the past six months, as geopolitical tensions, changing US interest-rate expectations reshape global commodity markets. Oil has responded to geopolitical developments, while gold has been driven primarily by monetary policy and silver by both rates and industrial demand, said an expert.
Leading developer H&H and Global Partners have announced the launch of its nature-led residential community - Eden House The Park - along the Dubai Water Canal. Designed around the principles of privacy, walkability and holistic wellbeing, the development offers 459 residences across seven distinct buildings.
Saudi-based Almoosa Health Company has awarded a major contract worth SAR781.7 million ($207 million) to BEC Arabia for the execution of mechanical and electrical works for a key hospital project in Al Khobar, in the kingdom's Eastern Province. The entire project is likely to be completed in two years.
Pioneering UAE teachers are being encouraged to apply for the GEMS Education Global Teacher Prize 2027, a Varkey Foundation initiative, as applications close on October 12.
AC Milan has opened its first retail corner outside Italy at SIRO One Za’abeel, giving fans across the region a dedicated space to discover the Club through football, fashion and performance.
The global economy is stabilising, but the fiscal support that cushioned successive shocks since 2020 is unlikely to play the same role in the year ahead, according to the World Economic Forum's Chief Economists' Outlook, published on Tuesday.
Bahrain Bourse (BHB), a licensed exchange regulated by the Central Bank of Bahrain, will take part as a Platinum Sponsor of Fintech Forward 2026 (FF26), taking place on October 7 and 8 in Bahrain.
BMW Group Middle East has announced the appointment of Citadel Premium Motors as the official importer of BMW and MINI vehicles in Syria.
Club Hawaii @ Bahrain Surf Park, a first-of-its-kind surf and leisure destination at Bilaj Al Jazayer development in Bahrain has achieved a major construction milestone with the completion of lagoon filling ahead of its opening this year. Once operational, the surf park will generate up to 1,000 waves per hour.
Sheikh Ahmed bin Rashid Al Maktoum, the younger brother of UAE Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum, died on Monday at the age of 76.
